Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

2023 state budget concept sets down 3% deficit

Minister of Finance Rositza
Photo: BGNES

The Ministry of Finance presented a concept for a 2023 draft budget with a 3% deficit.

The draft sets down a 10% increase in budgetary sector salaries in the sectors in which this has not yet been done. The draft also envisages the imposition of excess profits tax – a single solidarity contribution for the second quarter of 2023, as well as the reinstatement of some of the VAT rates that were reduced during the Covid-19 pandemic, with the exception of  VAT on bread, flour, baby foods and books, restriction of business trips and representation expenditure, raising excise duty on e-cigarettes.

The draft was approved at today’s government sitting.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sunny weather with afternoon rain showers expected on Thursday

On Thursday, the minimum temperatures in Bulgaria will be from 4 to 9°C . In Sofia it will be around 7°C. During the day, sunny weather will prevail. In places, mainly in Northern Bulgaria and the mountains, there will be short-term precipitation..

published on 4/30/25 7:35 PM

Bulgaria’s President gets into a dispute with the leader of GERB over new F-16 jets

GERB Leader Boyko Borissov and President Rumen Radev got into a dispute in the media over the country's new F-16 fighter jets, the first of which is already on Bulgarian soil, while the second is on its way to the country. "We paid a lot for the..

published on 4/30/25 6:25 PM
Petar Chobanov

25% of household deposits are now in euros

The preparation of the migration of card payments from Bulgarian leva to euros and the corresponding accession by the end of the year of the BORICA card payment system to TARGET is in an advanced phase, the Deputy Governor of the Bulgarian National Bank,..

published on 4/30/25 4:23 PM